In fact, the car is one of the most popular things that people in the world want because it is the average food for people to travel to different places, whether near or far.

Speaking of cars, US billionaire David Bach says buying a new car is one of the worst financial decisions. Here, he said, the new car looks really cool, but it does not fit the price at all.

He stressed that when you buy a new car, it does not help you much, but you will waste more money when you buy a new one. He explained that when you buy a new car, when you drive out of a car dealership, the price starts to go down. When you use it for one year, the price drops by 20 to 30%, and after five years, the price can drop by 60% or more.

He added that the worst thing was that some people borrowed money to buy new cars, which did not provide them with a source of income, and it even fell sharply, ie it was a bad debt by the payer. On top of that, it does not generate any income, and it takes money out of your pocket every day, such as spending money on repairs and refueling.

David Bach advises that instead of buying a new car that is expensive, you can look at a used car, but at an acceptable quality and save some money.

Well-known financial expert Suze Orman is no different from David Bach. She said that when you buy a car, you should buy a used car, cheap and make sure that the car is of good quality, travel safely for you.

"You should buy a used car cheaper than an expensive new car because investing in a car is not the same as investing in a house," she said. At this point, she stressed that the car is easy to lose value, that is, the longer you use it, the more it pays. For example, today you buy a car worth $ 100,000 and two days later you resell it, the price drops by 10 to 20 percent.

She added that investing in a car is the worst investment because in a month you have to spend money on it, so you have to refuel for travel and repairs, and it loses more value than investing in a house. Its price is getting more and more expensive from year to year.